Word: crash
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...didn't have to come to this. He could have died in that motorcycle crash or been shot by a crazed fan or sky-walked out a 10th-story window during a bad trip. But Bob Dylan--the great American artist of the past 50 years, I believe--survived, which is perhaps the only prosaic thing he's done in his life. A half-decade older than the oldest baby boomers, 68 on May 24, he has predicted their maturation--marriage, divorce, finding and losing religion, midlife crisis and regeneration, a second wind, a third...
...three-album epiphany--Bringing It All Back Home (1965), Highway 61 Revisited (1965) and Blonde on Blonde (1966)--in which cascades of surrealistic, high-art lyrics were married to the most elegant rock-'n'-roll musicianship. That was brought to a violent stop by Dylan's near fatal motorcycle crash in 1966, and when he resumed, the music--even the sound of his voice--was different...
Gordon arrived on Wall Street in time for the 1929 stock market crash. After leaving his first job at Goldman Sachs, Gordon purchased the stock brokerage firm Kidder, Peabody & Co in 1931 and led the firm through the Great Depression...
...going on in the U.S. housing market, chances are you follow the Case-Shiller index. Robert Shiller, the Yale University economist who helped create the home-price gauge, was something of a pop economist even before the real estate meltdown-a book published in 2000 warning about the coming crash in stocks made him a rock star of the last bubble, too. His latest book, Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters For Global Capitalism , was written with University of California, Berkeley economist George Akerlof. Shiller spoke with TIME's Barbara Kiviat...
...Similarly, speculators play their own self-protection game, which can add to bearish momentum. As markets tumble, the crash becomes exacerbated by traders' stop-loss orders, which automatically initiate more selling as the price falls. In other words, as traders who had bought hog contracts at a higher price begin to lose money on their long positions, they are forced to sell them before their losses escalate. (See the top five swine...